A mortgage insurer shall establish a contingency reserve liability for the protection of policyholders against the effect of adverse economic cycles according to accounting procedures approved or required by the Director of the Department of Consumer and Business Services. [1967 c.359 § 217; 1969 c.692 § 7; 2001 c.318 § 10]

Terms Used In Oregon Statutes 733.100

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

 

[1967 c.359 § 218; 1977 c.320 § 9; 1981 c.609 § 3; repealed by 1991 c.401 § 30]

 

  Previous section
Next section  
 Accounting Contents